SKY (SKY) Price Target Raised to GBX 1,728 at Liberum Capital
SKY (LON:SKY) had its price objective raised by Liberum Capital from GBX 1,400 ($18.24) to GBX 1,728 ($22.51) in a research report report published on Monday. The brokerage currently has a hold rating on the stock.
A number of other equities research analysts have also commented on the company. UBS Group restated a buy rating on shares of SKY in a research report on Thursday, August 9th. Royal Bank of Canada increased their price target on SKY from GBX 1,150 ($14.98) to GBX 1,250 ($16.28) and gave the stock a sector performer rating in a research report on Thursday, June 14th. Macquarie lowered SKY to a neutral rating and increased their price target for the stock from GBX 1,100 ($14.33) to GBX 1,450 ($18.89) in a research report on Thursday, July 12th. Finally, Shore Capital restated a hold rating on shares of SKY in a research report on Wednesday, July 11th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 1,393.20 ($18.15).
LON SKY opened at GBX 1,728 ($22.51) on Monday. SKY has a one year low of GBX 11.40 ($0.15) and a one year high of GBX 1,378 ($17.95).
In other news, insider Tracy Jayne Clarke acquired 38 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were purchased at an average cost of GBX 1,515 ($19.73) per share, for a total transaction of £575.70 ($749.90). Also, insider Andrew Neal Griffith acquired 15,427 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was purchased at an average price of GBX 1,545 ($20.13) per share, for a total transaction of £238,347.15 ($310,469.13). Insiders acquired a total of 15,579 shares of company stock worth $24,061,149 over the last quarter.
Sky plc, together with its subsidiaries, engages in entertainment and communications businesses. The company offers pay television broadcasting and home communications services, including broadband and telephone services; over-the-top subscriptions; and HD, UHD, multiscreen, line rental, second smartcard, premium HD, and mobile TV, as well as on demand services, such as Catch Up TV and box sets.
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